SYA 2.94% 3.5¢ sayona mining limited

The lack of volume for such an extensive period under 25c, even...

  1. 773 Posts.
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    The lack of volume for such an extensive period under 25c, even with market sentiment clearly changing has me quite suspicious, 1 month of consolidation between a small price range with relatively lower volume on the cheaper end is always a good indication of the current intrinsic value of a company. What is confusing me is that we have been consolidating between 25c and 20c for 2 months now, with value adding announcements consistently in between.

    When we see great green days, out of most lithium and EV companies, SYA rarely sees a reciprocation on its price, we'll usually see a slightly green or break even day with either really low volume or really high volume.

    I feel like we've consolidated at these levels for too long now, the SOI only contributes to the severity of consolidation to which we are currently experiencing.

    The stock market is as much of a market as US and Australia are democratic countries
 
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Last
3.5¢
Change
0.001(2.94%)
Mkt cap ! $360.2M
Open High Low Value Volume
3.4¢ 3.5¢ 3.4¢ $541.2K 15.74M

Buyers (Bids)

No. Vol. Price($)
53 9263496 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 7363594 18
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Last trade - 16.10pm 20/06/2024 (20 minute delay) ?
SYA (ASX) Chart
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